股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: 2025年10月31日 | | --- | | 狀態: 新提交 | 致：香港交易及結算所有限公司 公司名稱: 珩灣科技有限公司 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01523 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000, ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 珩灣科技有限公司 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01523 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | 第 2 頁 共 10 頁 v 1.1.1 III.已發行股份 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | 2025年8月31日 | | --- | --- | | 截至月份: | 狀態: 新提交 | 致：香港交易及結算所有限公司 公司名稱: 珩灣科技有限公司 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01523 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | ...

Major Events - Tianyue Advanced (02631) plans to globally offer 47.7457 million H-shares from August 11 to August 14 [1] - Hengrui Medicine (01276) has its injection drugs listed in the proposed breakthrough treatment varieties public notice [1] - Shoucheng Holdings (00697) invests in Southern Universal Data Center REIT and Southern Runze Technology Data Center REIT [1] - Boyaa Interactive (00434) is included in the MSCI Global Small Cap Index [1] Financial Performance - Yum China (09987) reports a net profit of $507 million, an increase of 1.6% year-on-year [1] - Master Kong Holdings (00322) announces a profit attributable to shareholders of 2.271 billion yuan, up 20.5% year-on-year [1] - Q Tech (01478) reports a profit of 308 million yuan, a significant increase of 167.59% year-on-year [1] - Hang Wan Technology (01523) announces a net profit of approximately $21.665 million, up about 13.4% year-on-year, with a dividend of 12.34 HK cents per share [1] - Ruipu Lanjun (00666) reports a gross profit of approximately 829 million yuan, a year-on-year growth of 177.8% [1] - Kingdee International (00268) sees a revenue increase of 11.24% to 3.192 billion yuan, with strong growth in cloud business [1] - Yuyuan Group (00551) reports a profit attributable to shareholders of $171 million, a decrease of 7.2% year-on-year [1] - Boyaa Interactive (00434) reports a profit attributable to shareholders of 226 million HKD, down 27.8% year-on-year [1] - Chongqing Machinery and Electric (02722) expects a net profit attributable to shareholders to increase by about 50% year-on-year [1] - Anton Oilfield Services (03337) anticipates a significant profit increase of 41.6% to 60.5% year-on-year [1] - Sany International (00631) expects a net profit of approximately 1.234 billion to 1.332 billion yuan, an increase of 25% to 35% year-on-year [1] - Datang Renewable (01798) reports a cumulative power generation of approximately 21.3563 million MWh in the first seven months, an increase of 11.75% year-on-year [1] - China Jinmao (00817) reports a cumulative contracted sales amount of 61.807 billion yuan in the first seven months, up 23.12% year-on-year [1] - New Town Development (01030) reports a cumulative contract sales amount of approximately 11.99 billion yuan in the first seven months, down 55.66% year-on-year [1] - Dongfeng Motor Group (00489) reports automobile sales of approximately 978,500 units in the first seven months, a decrease of about 8.9% year-on-year [1] - Hopson Development Holdings (00754) reports a total contracted sales amount of approximately 9.047 billion yuan in the first seven months, down 12.49% year-on-year [1] - Yuyuan Group (00551) reports a net operating income of approximately $667.5 million in July, a year-on-year decrease of 1.9% [1]

Core Insights - Hengwan Technology (01523) reported a mid-year performance for 2025, with revenue approximately $62.943 million, reflecting a year-on-year increase of about 9.9% [1] - Net profit was approximately $21.665 million, marking a year-on-year increase of about 13.4% [1] - Basic earnings per share were approximately 1.96 cents, with an interim dividend of 12.34 Hong Kong cents per share [1] Revenue Breakdown - Sales growth was primarily driven by strong performance in 5G products, although some growth was offset by the momentum from the Peplink-Starlink collaboration initiated in early 2024 [1] - One-time sales increased by approximately 8.9% year-on-year, while recurring sales saw a year-on-year increase of approximately 12.5% [1] Subscription Insights - Embedded subscription sales typically follow the growth trend of fixed network priority connections and mobile network priority connections over the past twelve months [1] - Organic subscription growth is generally influenced by the company's accumulated user base, subscription rates, and user stickiness [1] - The number of devices with subscriptions and subscription usage rates experienced healthy growth during the period, indicating a strong recurring revenue pipeline for the future [1]

Core Insights - The company reported a mid-year revenue of approximately $62.94 million, reflecting a year-on-year increase of about 9.9% [1] - Net profit reached approximately $21.67 million, marking a year-on-year growth of about 13.4% [1] - Basic earnings per share were approximately 1.96 cents, with an interim dividend of 12.34 Hong Kong cents per share [1] Revenue Breakdown - Sales growth was primarily driven by strong performance in 5G products, although some growth was offset by the momentum from the Peplink-Starlink collaboration initiated in early 2024 [1] - One-time sales increased by approximately 8.9% year-on-year, while recurring sales saw a year-on-year increase of about 12.5% [1] Subscription Insights - Embedded subscription sales typically follow the growth trend of fixed and mobile network priority connections over the past twelve months [1] - Organic subscription growth is influenced by the company's accumulated user base, subscription rates, and user stickiness [1] - The number of devices with subscriptions and subscription usage rates showed healthy growth during the period, indicating a strong recurring revenue pipeline for the future [1]

Financial Performance - Revenue for the six months ended June 30, 2025, was approximately $62,943,000, an increase of about 9.9% compared to the same period last year[2]. - Net profit for the same period was approximately $21,665,000, representing a year-on-year increase of about 13.4%[2]. - Basic earnings per share for the six months ended June 30, 2025, was approximately 1.96 cents, an increase of about 12.6% year-on-year[2]. - Gross profit for the six months was approximately $34,963,000, compared to $31,745,000 in the previous year, reflecting a strong performance[3]. - The company reported a pre-tax profit of $26,577,000, up from $22,710,000 in the same period last year[3]. - The total pre-tax profit for the six months ended June 30, 2025, was $26,577 thousand, compared to $22,710 thousand in 2024, showing an increase of 17.0%[23]. - The company's profit attributable to owners for the six months ended June 30, 2025, was approximately $21,665,000, reflecting a year-on-year growth of about 13.4%[59]. Dividends and Shareholder Returns - The board declared an interim dividend of 12.34 HK cents per share to shareholders listed on August 15, 2025[2]. - The interim dividend for the six months ended June 30, 2025, is set at 12.34 HK cents per share, up from 10.83 HK cents per share in 2024, reflecting a 13.98% increase[26]. - The board declared an interim dividend of HK$0.1234 per share for the period ending June 30, 2025, with payment expected on August 26, 2025[77]. Revenue Breakdown - Total revenue from customer contracts for the six months ended June 30, 2025, was $62,943 thousand, representing an increase of 9.5% compared to $57,298 thousand for the same period in 2024[19]. - Revenue from SD-WAN router sales was $44,447 thousand for the six months ended June 30, 2025, up from $40,946 thousand in 2024, marking a growth of 12.2%[20]. - Revenue from North America decreased to $34,394 thousand in 2025 from $36,761 thousand in 2024, a decline of 6.4%[17]. - Revenue from Europe, the Middle East, and Africa increased significantly to $20,497 thousand in 2025 from $14,725 thousand in 2024, reflecting a growth of 39.1%[17]. - Sales from fixed network priority connections slightly decreased to approximately $7,616,000, while mobile network priority connections increased to approximately $36,831,000, a year-over-year growth of about 14.4%[38]. - Warranty and support services grew by approximately 6.9% to about $13,441,000, and software license sales increased by approximately 33.8% to about $5,055,000[38]. - The sales breakdown for the six months ended June 30, 2025, showed that one-time sales accounted for 71.9% of total revenue, while recurring sales accounted for 28.1%[43]. Expenses and Costs - The cost of goods sold for the six months ended June 30, 2025, was $26,771 thousand, up from $24,450 thousand in 2024, representing an increase of 9.5%[23]. - Total operating expenses for the six months ended June 30, 2025, were approximately $10,151,000, an increase of about 4.2% year-on-year[56]. - Sales and distribution expenses slightly decreased to approximately $1,821,000 for the six months ended June 30, 2025[50]. - General and administrative expenses increased slightly to approximately $3,710,000 for the six months ended June 30, 2025[52]. - Research and development, consulting, and other expenses grew by 9.9% to approximately $4,620,000 for the six months ended June 30, 2025, mainly due to increased salaries[53]. Assets and Liabilities - Cash and cash equivalents at the end of the period were $55,666,000, down from $65,933,000 at the end of the previous year[7]. - Total assets less current liabilities amounted to $66,977,000, compared to $68,996,000 at the end of the previous year[5]. - The company’s total equity was $51,557,000 as of June 30, 2025, down from $56,299,000 at the end of the previous year[5]. - Trade receivables increased to $25,891,000 as of June 30, 2025, from $15,519,000 as of December 31, 2024, marking a growth of 66.8%[30]. - Inventory decreased to $13,619,000 as of June 30, 2025, from $16,160,000 as of December 31, 2024, indicating a reduction of 15.4%[29]. - Trade payables amounted to $5,434,000 as of June 30, 2025, compared to $4,321,000 as of December 31, 2024, showing an increase of 25.8%[32]. - As of June 30, 2025, the company's bank borrowings amounted to approximately $3,085,000, down from $8,516,000 as of December 31, 2024[69]. - The capital-to-debt ratio as of June 30, 2025, was approximately 6.0%, a decrease from 15.1% as of December 31, 2024[69]. Employee and Corporate Governance - The company had 196 full-time employees as of June 30, 2025, an increase from 180 full-time employees as of December 31, 2024[72]. - The company has adopted a corporate governance code to maintain high levels of corporate governance and transparency[89]. - The company has complied with all applicable provisions of the corporate governance code during the reporting period[89]. - The board's remuneration is determined based on the company's operational performance, individual performance, and market data[73]. Strategic Initiatives - The company plans to develop more targeted regional strategies and new products for the EMEA and Asia-Pacific markets to better meet customer needs[62]. - The collaboration with Starlink has expanded to include all Starlink devices, opening up a larger potential market[64]. - The company launched the SpeedFusion Connect application on iOS and Android, enhancing connectivity for mobile users[66]. Stock Options and Shareholder Information - The company has granted a total of 13,321,000 stock options as of June 30, 2025, with 12,274,000 options remaining after accounting for forfeitures and cancellations[82]. - The exercise price for stock options granted on July 20, 2016, is HKD 0.483, with a total of 25% of these options exercisable one year after the grant date[85]. - The stock options granted on December 11, 2023, have an exercise price of HKD 1.99, with 100,000 options granted and fully vested[82]. - As of June 30, 2025, the company's major shareholder holds 756,000,000 shares, representing 68.6% of the total shares[79]. Other Information - The company has no significant investments or investment plans as of June 30, 2025[74]. - There were no significant acquisitions or disposals of subsidiaries or associates during the period ending June 30, 2025[75]. - The company has not conducted any significant subsequent events after June 30, 2025, up to the date of this interim report[86]. - The company does not currently have a foreign exchange hedging policy but monitors foreign exchange risks closely[71]. - The company has not purchased, redeemed, or sold any of its listed securities during the reporting period[88]. - The audit committee has reviewed the group's interim performance and discussed audit, internal control, and financial reporting matters with management[91].

Group 1 - The core viewpoint of the article highlights the significant stock price increase of Hang Wan Technology (01523), which rose by 5.86% to HKD 7.05, with a trading volume of HKD 24.95 million [1] - For the six months ending June 30, 2025, the company reported revenue of approximately USD 62.94 million, representing a year-on-year growth of about 9.9% [1] - The profit attributable to the parent company's shareholders for the same period was approximately USD 21.67 million, reflecting a year-on-year increase of about 13.4%, with basic earnings per share of approximately 1.96 cents [1] - The company plans to distribute an interim dividend of HKD 0.1234 per share on August 26 [1] Group 2 - In January 2024, Peplink, a major brand of Hang Wan Technology, announced a partnership with SpaceX's Starlink to become the first authorized technology service provider, integrating Starlink terminals with Peplink SD-WAN routers [1] - This partnership aims to address the challenges faced by mobile, maritime, and remote businesses in obtaining reliable, fast, and cost-effective internet services [1] - The solution will initially be applied in the cruise industry, significantly reducing operational costs [1]

Core Viewpoint - Hang Wan Technology (01523) experienced a significant stock increase of over 5%, closing at 7.05 HKD with a trading volume of 24.95 million HKD, following the announcement of its financial results for the six months ending June 30, 2025 [1] Financial Performance - The company reported revenue of approximately 62.94 million USD, reflecting a year-on-year growth of about 9.9% [1] - Profit attributable to the parent company was approximately 21.67 million USD, marking a year-on-year increase of about 13.4% [1] - Basic earnings per share were approximately 1.96 cents, and the company plans to distribute an interim dividend of 0.1234 HKD per share on August 26 [1] Strategic Partnership - In January 2024, Peplink, a major brand of Hang Wan Technology, announced a partnership with SpaceX's Starlink, becoming the first authorized technology service provider to integrate Starlink terminals with Peplink SD-WAN routers [1] - This partnership aims to address the challenges faced by mobile, maritime, and remote businesses in obtaining reliable, fast, and cost-effective internet services [1] - The solution will initially be applied in the cruise industry, significantly reducing operational costs [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 珩灣科技有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01523 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | 本月底法定/註冊股本總額： HKD 40,000,000 (A ...